Welcome to our dedicated page for Build-A-Bear Workshop news (Ticker: BBW), a resource for investors and traders seeking the latest updates and insights on Build-A-Bear Workshop stock.
Build-A-Bear Workshop, Inc. develops news around its experiential retail model for customized stuffed animals, plush products, licensed characters, gifting and brand extensions. Updates commonly cover new plush formats such as wearable plush, Mini Beans, Promise Pets and special-edition releases, along with collections tied to pop-culture licenses and the company’s own intellectual property.
Company announcements also track store and online distribution, partner-operated and franchised experience locations, wholesale expansion, Build-A-Bear Entertainment activity, quarterly results, dividends and governance changes. The company operates a direct-to-consumer retail platform, international franchising operations and a commercial business that includes licensing and wholesale activity.
Build-A-Bear Workshop, Inc. (NYSE: BBW) announced a webcast investor presentation scheduled for December 6, 2022, at 2:00 PM ET. During this session, President and CEO Sharon Price John and CFO Voin Todorovic will discuss the company's business strategy, growth plans, and recent financial results. Investors can participate in a live Q&A session following the presentation. A replay will be accessible for one year on the company's investor relations website. Build-A-Bear generated $411.5 million in revenue in fiscal 2021.
Build-A-Bear Workshop reported a 9.9% increase in total revenues to $104.5 million for Q3 2022, compared to $95.1 million in Q3 2021. Pre-tax income rose 25.3% to $9.9 million, with diluted earnings per share up 41.7% to $0.51. The company raised its guidance for fiscal 2022, anticipating total revenues between $455 million and $465 million. Retail store traffic saw double-digit increases, with ongoing strong consumer interest. However, consolidated e-commerce demand decreased 29.4%, reflecting a shift toward in-person shopping.
Build-A-Bear Workshop (NYSE: BBW) announces its expanded holiday offerings, featuring a variety of unique gifts and experiences for families this season. Highlights include the Build-A-Bear HeartBox, personalized gift boxes with curated items, and a newly launched Pajama Shop for family matching outfits. Innovative products like the Beary Merry Advent Calendar and adult-focused gifts from the Bear Cave are also featured. Special Black Friday deals include discounts on select furry friends and pajama sets, making holiday shopping more appealing.
Build-A-Bear Workshop, Inc. (NYSE: BBW) is set to announce its third quarter fiscal year 2022 results on November 30, 2022, prior to market open. An investor conference call will follow at 9 a.m. ET to discuss the financial outcomes. Interested parties can join the call by dialing (201) 493-6780 or (877) 407-3982, with access code 'Build-A-Bear'. A replay will be available the same day at 12 p.m. ET through December 7, 2022. The company reported $411.5 million in total revenue for fiscal 2021.
Sweet has announced a new collaboration with Build-A-Bear Workshop (NYSE: BBW) to auction five unique digital collectible NFTs starting November 15. Each NFT features Silver Gala-themed bears and comes with a physical plush counterpart. The auction runs from November 15 to 17, and 10% of sales will benefit the Build-A-Bear Foundation, which has donated over $22 million to charities since 2004. Auction winners will also receive a personalized brick at the Foundation's Plaza and a private party at a Build-A-Bear Workshop.
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Build-A-Bear Workshop has launched a new family sleepwear line as part of its Pajama Shop, expanding into the sleepwear category. This collection includes matching pajamas for families and bear-sized pajamas, appealing to bedtime traditions. The launch coincides with the holiday season, featuring five themed patterns for various occasions. The pajamas are available in toddler, youth, and unisex adult sizes, offering mix-and-match options. The popular Sweet Dreams Bear will also be included as part of the launch, marking a strategic move to enhance brand engagement and seasonal sales.
Build-A-Bear Entertainment has partnered with Hello Sunshine to modernize the classic children's story, Goldilocks and the Three Bears. This collaboration marks the first project from Hello Sunshine's Kids and Animation division, with Reese Witherspoon as an executive producer. The initiative aims to create a powerful female protagonist in Goldilocks, emphasizing storytelling that resonates with family values. Build-A-Bear's President and CEO Sharon Price John expressed excitement about the project, highlighting the synergy between the two brands. This partnership focuses on delivering engaging content to inspire young audiences.
Shriners Children's has partnered with the Build-A-Bear Foundation to introduce Buddy Rooms at various locations throughout North America. These rooms will offer patients complimentary furry friends and accessories, with an annual donation of up to 5,000 bears. This initiative aims to provide comfort and emotional support to children during their hospital visits. Shriners Children's, a leader in pediatric specialty care, has treated over 1.5 million children globally since its inception in 1922. Build-A-Bear Foundation has donated over $22 million to charitable causes since 1997.
Build-A-Bear Workshop is celebrating its 25th anniversary by entering the Web3 space, launching its first collection of non-fungible tokens (NFTs) in partnership with Sweet. The inaugural NFT auction features a unique collectible bear with Swarovski crystals, starting at $2,500. The auction runs from October 4 to October 6, and the winner will receive the physical bear and a trip for two to the anniversary gala on October 22 in St. Louis. A portion of the sales will support the Build-A-Bear Foundation.